RazorpayX vs Aspire
short answerBoth are traditional neobanks. Aspire pays yield on balances. Compare custody, license, FX markup and fees field by field below.
RazorpayX: Business banking inside Razorpay.
Aspire: SEA's all-in-one SMB finance OS.
Side by side
| RazorpayX | Aspire | |
|---|---|---|
| Category | traditional | traditional |
| Audience | SMB & startups | SMB & startups |
| HQ | Bengaluru, IN | Singapore, SG |
| Founded | 2019 | 2018 |
| Custody | Custodial | Custodial |
| Regulation | Partner-bank model | Payment institution |
| License detail | Partner banks (RBL, ICICI, Yes, Axis, IDFC First); Razorpay holds RBI payment aggregator license | MPI (MAS) |
| Card | Visa · Business | Visa · Business debit |
| Cashback | — | 1% select |
| Yield | — | Yield on idle cash |
| FX markup | — | — |
| Services | — | — |
| Stablecoins | No | No |
| KYC | Yes | Yes |
| Regions | Asia | Asia |
| Reported users | — | — |
go deeperFull profiles: RazorpayX · Aspire — or run your own comparison of up to four in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.